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Setting Up Funding Packages

Funding Packages are the set of funding assumptions that will be used to price a loan. Once a Funding Package has been set up, any number of regions can be set to use that Funding Package. With Funding Packages, you are able to:

Update one Funding Package and have those changes apply to all regions that use that Funding Package

Have multiple Funding Packages per region, and allow the lender to choose which Funding Package to use on a per loan basis.

This functionality is only available with certain modules, and may be an added cost. Please contact us if you are interested in turning this on.

You can add or edit Funding Packages on the Regions & Users pane of the Administration Section. Click the "New" button next to "Funding Packages" to create a new Funding Package, or click the name of the Funding Package you would like to edit to open the Funding Package Assumptions screen. Note that you'll only see the Funding Packages on this screen if you have the "Manage Regions" permission as part of your security profile.

Name

What this Funding Package will be called throughout PrecisionLender

Enabled

When checked, this Funding Package will be available for use

Funding Curve Family

Use the Funding Curve Family filter to choose the type of curve that you'd like to use.

After setting up a Funding Package, you'll need to add it to a region in order for the Funding Package to be available when new opportunities are being priced.

In the Administration section, select the region you would like to add this Funding Package to and then click the edit button in the upper left hand corner. You will then have the ability to change the Funding Package for this region to any enabled Funding Package. For information on how to edit funding package assumptions see: The Region Edit Screen